We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Stocks closed lower yesterday, with tech leading the way, as the market digests ongoing trade developments.
On the one hand, traders are cheering reports the administration will remove steel and aluminum tariffs on Canada and Mexico. Same for the administration's delay on imposing auto tariffs for 6 months, as a concession to the EU and Japan while trade talks with those countries continue.
But reports that U.S.-China trade talks have stalled, and are getting more contentious, is unnerving traders. Add in the U.S. ban on China's Huawei Technologies, and some worry that a U.S.-China trade deal is suddenly a much longer way off.
Although, a degree of relief should be felt once we hear that President Trump will meet with President Xi after the G20 summit in Japan next month. But as of yet, we have not heard of any plans from either country to do so. (But it is still early.)
Most people believe that both countries still want a deal. Especially China, since the tariffs are expected to only shave up to a half percentage point off of the U.S. GDP, but upwards of one full percentage point off of China's.
But the deal has to be right economically and politically for both countries.
So I expect to see a bit more posturing. But ultimately, I expect them to eventually come together for a mutually agreeable deal that they can both tout as a success.
In the meantime, our economy looks great.
And that means I'm expecting more gains to come from this record bull market.
See you tomorrow,
Kevin Matras
Executive Vice President, Zacks Investment Research
Online food delivery has significant potential driven by the fast-paced lifestyle that has created demand for food delivery apps and services. Read More »
The plant-based meat maker hopes its athlete brand ambassadors, including NBA and NFL stars, can help it market its offerings on a mass scale. Read More »
Starting now, you can get instant access to the latest picks from our hottest market-beating strategies. From 2017 through 2018 they gained +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
Zacks will also give you a free Special Report, Top 10 Stock Screening Strategies with formulas you can use to find high-potential gainers anytime you please.
Download our app for convenient on-the-go access to even more—daily and weekly newsletters published by Zacks experts, proprietary research and tools, and Portfolio Tracker on Zacks.com.
Visit Success Stories to hear how Zacks research, tools and portfolios help our members outperform the market.
Get all of our market insights and much more when you connect with us.
This free resource is being sent by Zacks.com. We look for investment resources and inform you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research is not a licensed securities dealer, broker or US investment adviser or investment bank. The Zacks #1 Rank Performance covers the period beginning on January 1, 1988 through January 7, 2019. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank #1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed above.
Zacks Emails If you would prefer to not receive future profit-producing emails from Zacks.com the primary purpose of which is the commercial advertisement or promotion of a commercial product or service, then please click here and confirm your request. If you have trouble with the unsubscribe link, please email support@zacks.com.
Zacks Investment Research 10 S. Riverside Plaza, Suite 1600 Chicago, IL 60606
Due to inactivity, you will be signed out in approximately:
Stocks closed lower yesterday, with tech leading the way, as the market digests ongoing trade developments.
